Ministry drafts BTC transformation bill
12 March, 2008
PARLIAMENT – The Ministry of Communications, Science and Technology and PEEPA are preparing a draft bill that will enable the transformation of Botswana Telecommunications Corporation (BTC) into an ordinary company.
Presenting the 2008/09 budget proposals for her ministry amounting to P560 million for recurrent budget and P315 million as development budget, Minister Pelonomi Venson-Moitoi said after the transformation, BTC would become an ordinary company governed by the Companies Act.
This bill will enable government to sell shares in the company to investors and the public, she said. Mrs Venson-Moitoi said the bill would be brought to Parliament in the coming winter meeting.
She said BTC was engaged in a right-sizing exercise whose objective is to increase the competitiveness and efficiency of the company so that it could compete with other players in the same market segment.
On other policies and legislation, the minister said the drafting of the Media Practitioners Bill was complete and awaiting cabinet approval.
Following the commencement of the Radiation Protection Act, in 2006, the Radiation Protection Board was appointed and gazetted during 2007 and held its first [continue reading]